I Can’t Vouch for the Earth’s Climate, But Al Gore’s Bank Account Is Heating Up With New Apple Shares


Alternate Headline:  Al Gore:  “$30 Million in AAPL Shares Just Hit My Account!!!!”

Former VP and Current Climate Activist and Television Broadcasting Frontrunner for Middle Eastern Oil Regimes Exercises Options for AAPL Shares For Big Time Bucks

Al Gore has served on the board of directors of Apple since 2003 and has amassed a portfolio of at least 101,358 shares of Apple, which:

  • includes 98,397 shares of Apple underlying options and restricted stock units; and
  • does not include any options that are not exercisable by mid-February 2013.

Directors get paid.  No news there.

Gore exercised options to purchase 59,000 shares from grants made in March 2003.  At this writing, the shares are trading around $500/share in after hours trading.  Since the options expire in March 2013, we are guessing that Gore exercised because the expiration date was approaching and they were seriously in the money [Ed:  Note the supersmart powers of deduction there.]Apple’s proxy statement for its 2003 annual meeting described its director compensation policies as follows:

Let’s see the payday:

Number of   Shares
Price Per   Share
Aggregate   Purchase Price
Current   Market Value

There is one caveat.  Gore will have to either wait for an open trading window or enter into a trading plan to avoid insider trading violations and other restrictions.  As a result, he may bear the risk of a price decline for a while.  Considering AAPL’s recent performance, this could be a significant risk, particularly in the short term.

Mo’ Money, Mo’ Money, Mo’ Money

Al Gore Form 4 – Exercise of Options
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6 Responses to I Can’t Vouch for the Earth’s Climate, But Al Gore’s Bank Account Is Heating Up With New Apple Shares

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